Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing In Family Dollar Stores, Inc. To Contact The Firm

Fri Feb 22, 2013 9:09pm EST

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NEW YORK,  Feb. 22, 2013  /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading
national securities law firm, is investigating potential securities fraud at
Family Dollar Stores, Inc. ("Family Dollar" or the "Company") (NYSE: FDO).

(Logo:  http://photos.prnewswire.com/prnh/20120119/MM38856LOGO  )

The investigation focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that:  (1) the Company's efforts
to increase sales on low margin goods had caused a significant reduction in
Family Dollar's profits for the first quarter of fiscal year 2013 and  December
2012; (2) price cuts initiated for the purpose of moving less salable inventory
had also diminished profits for the first quarter of fiscal year 2013 and 
December 2012; (3) Family Dollar's sales of more profitable discretionary goods
had significantly underperformed expectations in the first quarter of 2013 and
during  December 2012; and (4) excess inventories in Family Dollar's stores
would significantly weigh down 2013 profitability.

On  January 3, 2013, Family Dollar issued a pre-market press release disclosing
that sales in the Company's first quarter 2013 - which had ended  November 24,
2012  - had failed to meet expectations and slashed the Company's 2013 financial
guidance.  The price of Family Dollar stock dropped on this news, falling  $8.30
 per share - or approximately 13% - to close at  $55.74  per share on  January
3, 2012.

Family Dollar's senior executives had sold their own Family Dollar stock at
inflated prices, including its Chief Executive Officer who sold more than  $15.6
million  worth of his Family Dollar stock between  October 3, 2012  and  January
2, 2013.

Request more information now by clicking here:   www.faruqilaw.com/FamilyDollar.
There is no cost or obligation to you.

Take Action

If you invested in Family Dollar stock or options between  October 3, 2012  and 
January 2, 2013  and would like to discuss your legal rights, visit 
www.faruqilaw.com/FamilyDollar.  You can also contact us by calling  Richard
Gonnello  or  Francis McConville  toll free at 877-247-4292 or at 212-983-9330
or by sending an e-mail to  rgonnello@faruqilaw.com or 
fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with
information regarding Family Dollar's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi
& Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a
similar outcome with respect to any future matter.  We welcome the opportunity
to discuss your particular case.  All communications will be treated in a
confidential manner.


FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY  10017
Attn:   Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

 

SOURCE  Faruqi & Faruqi, LLP

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